Yeah but it could flop too. If all the small miners like me get crushed in the stampede and end up with little more than a few orphan blocks and all the investors are still broke or feeling burned from the ixcoin fiasco there might not be much of a market for this.

It will flop since it's just another pump & dump like Ixcoin was. The author even touts it as an Ixcoin fork. Now that doesn't mean I'm not going to mine it. I'm going to take advantage of it while it lasts before it dies out like Ixcoin.

Yeah but it could flop too. If all the small miners like me get crushed in the stampede and end up with little more than a few orphan blocks and all the investors are still broke or feeling burned from the ixcoin fiasco there might not be much of a market for this.

It will flop since it's just another pump & dump like Ixcoin was. The author even touts it as an Ixcoin fork. Now that doesn't mean I'm not going to mine it. I'm going to take advantage of it while it lasts before it dies out like Ixcoin.

BTW I am saying *could* flop. Possibly the fork that has the least amount of success should concede defeat by merging itself with the other.

At least its safe to say the pre-mining of coins in ixcoin prevented the ridiculous, albeit amusing kick off to I0coins.

i0coin network start was a disaster.

1. 75 minutes late2. Posts up dead link for windows zip3. Once win exe is up he doesnt have the right dll files in the zip

Worst start to a network ever!

Agreed.. fortunately so far, circumstances meant I could do nothing but sit back and watch the launch. If it works past these issues and becomes something of value I'll have missed out. So far, looks like by chance I have dodged the mishap instead. If things were different I was going to try and mine these things too.

But hey at least that Art guy go to pre-mine several hundred thousand for himself.

Actually I was wondering if someone had already checked out what subdomains the server had they good have easily found forum.i0coin.org at least 10 minutes before the link was posted on the forums here.

"Smoothie, I'm sorry to hear you take issue with the possibility that Fred and I have an incentive and might eventually make a return on Ixcoin. We are committed to making Ixcoin a success and have invested time and money towards this. For example, we just spent over $500 sponsoring the bitcoin conference to promote Ixcoin.

You might also eventually make a return yourself if you invested a handful of BTCs at Ixcoin's launch to purchase the same amount of Ixcoins we both have. The going rate was 15K IXC for 1 BTC back then. It's still very affordable right now. Or maybe you mined ten of thousands of Ixcoins during the initial mining rampup.

You feel that Ixcoin has no value? I've heard similar arguments from Bitcoin neophytes about Bitcoin. It's their perspective. I see value in Ixcoin and that's why I'm sticking with it. I see other people trading Ixcoins so apparently they see value in it too. If you don't, then please do not feel obliged to focus your energy on something you do not value."

I find his response to why ixcoin has value is rather empty.

I offered the following proposal based on his request of one user on how ixcoins could be more transparent:

Thiriel, I'm not quite sure how allocating the bounties to myself would make Ixcoin more transparent.

Either way, the bounties/source code/wiki/forum are all public. I'd be happy to hear any suggestions as to how we can make Ixcons more transparent.

Perhaps we could do a network restart where no ixcoins are pemined and some actual changes that mean something in the source code are modified to give them value. This would make things more transparent because then you are giving everyone equal opportunity to mine ixcoins as opposed to giving yourself a huge advantage prior to public release.

That would be fair and transparent. Until then many of us will likely stay away from ixcoins given that you could potentially crash the exchange(s) with your large amount of ixcoins in one sitting.

If this is not a money/power grab then you would be okay with restarting the network with zero premined coins and start the network off at a higher difficulty giving ixcoins more rarity because of how difficult they will be to mine them. Say the start difficulty was 10,000 instead of 1.

You would gain more interest in your project if everything I listed above was executed and the network was restarted.

But then again, your motives for having this network will show based on how you do or do not respond to this posting. Everyone else is watching too.